GLOSSARY
REDEMPTION STATEMENT
A Redemption Statement is an up-to-date financial statement provided by a seller’s mortgage lender that calculates the exact amount required to fully pay off and close the mortgage account on a specific date. It includes the remaining capital balance, accrued daily interest, and any potential early repayment charges.
On completion day the proceeds of the sale are used to pay off this redemption.
The remaining balance after clearing the mortgage, legal fees, estate agent commission and other disbursements is then transferred to the seller.
Phone
This website is owned and operated by Esvi Limited, registered in England and Wales, company number 16281685.
Our legal professionals provide our services through the solicitor's firm, Parity Legal Limited, which is authorised and regulated by the Solicitors Regulation Authority (SRA) under ID Number 658977. Esvi Limited is not regulated by the SRA.
Financial services are provided from a number of our trusted and regulated partners.
ADDRESS
Suite 3, DHC Business Centre
226 Dogsthorpe Road
Peterborough
PE1 3PB